Should I Insure My Garaged Motorcycle?

When it comes to owning a motorcycle, one of the best things to do is take her out on the open road and enjoy the warm fresh air. For many people who own a motorcycle, though, finding time to take the bike out is quite difficult. In fact, some people end up leaving their bike garaged most of the year. And while it might seem like a garaged motorcycle doesn’t need insurance coverage, the truth is, it does. 

Your motorcycle needs to have insurance on it even if it is kept in the garage because you never know what could happen. Take for example someone breaks into your garage and steals your bike. With the right insurance coverage, you will be compensated for your stolen bike. Without insurance, though, you may not receive any type of compensation. 

Another reason to keep insurance on your bike is because if you have a lien against it, there is a good chance that the lien holder will require you to have insurance. The lien holder wants to know that if something were to happen to the bike, that you are still going to pay for it. With insurance, they can rest assured they will be paid what is owed to them if something happens to the motorcycle. 

Lastly, depending on where you live, it may be required by state law to keep insurance on your motorcycle. You will want to speak with an insurance specialist to determine if this law applies to you. 

Contact DePaulo Agency today serving the Scotia, NY area to learn more about the benefits of investing in a motorcycle insurance policy.